Tariff revenue significantly increased to support the government's finances. The US budget deficit in February was basically the same as the same period last year.

Supported by a substantial increase in tariff revenue, the US federal government's budget deficit in February was basically flat compared to the same period last year. However, it is expected that the financial data in the coming months will gradually reflect the impact of the US Supreme Court overturning some of the tariff measures implemented by the Trump administration. Data released by the US Treasury on Wednesday showed that federal government spending in February reached $621 billion, hitting a record high; while revenue for the same period was $313 billion, also setting a record. The budget deficit for the month was $307.5 billion, which was essentially the same as the $307 billion in February 2025. Tariff revenue has become an important source of support for government revenue. The data showed that tariff revenue in February reached $27 billion, a significant increase of 254% compared to the same period last year. However, the February budget data has not yet reflected the impact of the US Supreme Court's decision on February 20 to overturn a wide range of tariff measures implemented by the Trump administration, A senior official from the Treasury Department stated that this is because tariff revenue is usually recorded in the statistics one month later. In other words, the tariffs paid on imported goods in February will mainly be reflected in the financial data for March. The Yale University policy research institution, Budget Lab, pointed out that there is a time lag in the submission of tariff revenue by the US Customs and Border Protection to the Treasury Department, which can lead to a mismatch between the scale of imports in a particular month and government revenue. Shortly after the Supreme Court ruling, the 10% global unified tariffs introduced by US President Trump began to be implemented. However, compared to the tariff system overturned by the court, the overall tax burden under the new policy is still lower. Analysts believe that as the changes in tariff policy gradually show up in the financial data, the US government's tariff revenue in the coming months may experience significant fluctuations, thereby creating new impacts on the federal budget deficit.